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My Settlement LC

I have had IQ since Nov 2015 till Aug 2017 approx. I got abt £36k+interest to pay and still waiting to negotiate. I get letters from HMRC only 60 mths. I have 2 heart attacks now and i dont know where i am going to get this payment as I have 3 mouths to feed as well. Looking more like June 2019 latest I will need to declare bankrupt as i got my other bills,cc's etc to settle. This has really got me down so bad never felt like this before in my life. im cleaned out. Hope some of you do better...

I have had IQ since Nov 2015 till Aug 2017 approx. I got abt £36k+interest to pay and still waiting to negotiate. I get letters from HMRC only 60 mths. I have 2 heart attacks now and i dont know where i am going to get this payment as I have 3 mouths to feed as well. Looking more like June 2019 latest I will need to declare bankrupt as i got my other bills,cc's etc to settle. This has really got me down so bad never felt like this before in my life. im cleaned out. Hope some of you do better...

I have had IQ since Nov 2015 till Aug 2017 approx. I got abt £36k+interest to pay and still waiting to negotiate. I get letters from HMRC only 60 mths. I have 2 heart attacks now and i dont know where i am going to get this payment as I have 3 mouths to feed as well. Looking more like June 2019 latest I will need to declare bankrupt as i got my other bills,cc's etc to settle. This has really got me down so bad never felt like this before in my life. im cleaned out. Hope some of you do better...

Please contact ‘LCAG HELP’ to 81025 and a member of their team will call you back -

I've said you're not allowed too, but you can borrow money to buy a new bathroom... I only enquired with my bank Santander as I wanted an interest rate, I've never needed to borrow money before. They're rate was 3.5% vs HMRC's rate of 4.25%. I went with HMRC TTP as I didn't want them to think i've just pulled £100k out of no where, which is what a personal loan might have looked like.

HMRC don't give a damm where you get the money from as long as it's legal.

Maybe so, but I don't want them to think I've just found 100k laying about. At least TTP backs up my argument "I don't have any money".

HMRC might not care where the money comes from, but your bank will care about why you borrowed it, if you default etc. Quite right to go for TTP over a personal loan.

I also recommend joining LCAG for anybody reading. They are supportive and taking positive action against the Loan Charge. Lots of people in the same boat and sharing ideas. Talking with others there has personally helped me with my stress levels.